Page:United States Statutes at Large Volume 99 Part 2.djvu/67

 99 STAT. 1177

PUBLIC LAW 99-185—DEC. 17, 1985

Public Law 99-185 99th Congress

An Act Dec. 17, 1985 [S. 1639]

To authorize the minting of gold bullion coins.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SHORT TITLE SECTION

Gold Bullion Coin Act of 1985. 31 USC 5101 note.

1. This Act may be cited as the "Gold Bullion Coin Act of

1985". MINTING GOLD BULUON COINS



SEC. 2. (a) Section 5112(a) of title 31, United States Code, is amended by adding at the end thereof the following new paragraphs: "(7) A fifty dollar gold coin that is 32.7 millimeters in diameter, weighs 33.931 grams, and contains one troy ounce of fine gold. "(8) A twenty-five dollar gold coin that is 27.0 millimeters in diameter, weighs 16.966 grams, and contains one-half troy ounce ,, of fine gold. "(9) A ten dollar gold coin that is 22.0 millimeters in diameter, weighs 8.483 grams, and contains one-fourth troy ounce of fine gold. "(10) A five dollar gold coin that is 16.5 millimeters in diameter, weighs 3.393 grams, and contains one-tenth troy ounce of fine gold.", (b) Section 5112 of title 31, United States Code, is amended by adding at the end thereof the following new subsection: "(i)(l) Notwithstanding section 5111(a)(1) of this title, the Secretary shall mint and issue the gold coins described in paragraphs (7), (8), (9), and (10) of subsection (a) of this section, in quantities sufficient to meet public demand, and such gold coins shall— "(A) have a design determined by the Secretary, except that the fifty dollar gold coin shall have— "(i) on the obverse side, a design symbolic of Liberty; and "(ii) on the reverse side, a design representing a family of eagles, with the male carrying an olive branch and flying above a nest containing a female eagle and hatchlings; "(B) have inscriptions of the denomination, the weight of the fine gold content, the year of minting or issuance, and the words 'Liberty', Tn God We Trust', 'United States of America', and 'E Pluribus Unum'; and "(C) have reeded edges. "(2)(A) The Secretary shall sell the coins minted under this subsection to the public at a price equal to the market value of the bullion at the time of sale, plus the cost of minting, marketing, and distributing such coins (including labor, materials, dies, use of machinery, and promotional and overhead expenses).

Ante, p. 115. 31 USC 5111.

Marketing.

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